Knights of Columbus Asset Advisors LLC Has $5.32 Million Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in The Home Depot, Inc. by 29.1% in the second quarter, now holding 14,510 shares valued at approximately $5.32 million.
• Several other institutional investors have made adjustments to their holdings in Home Depot, keeping 70.86% of the stock owned by institutional investors and hedge funds.
• Home Depot recently reported earnings of $4.68 per share, which missed the consensus estimate of $4.69, and set FY 2025 guidance at $14.94 EPS.

Knights of Columbus Asset Advisors LLC trimmed its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,510 shares of the home improvement retailer's stock after selling 5,943 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Home Depot were worth $5,320,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HD. Client 1ST Advisory Group LLC grew its position in shares of Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after buying an additional 27 shares during the period. Financial Insights Inc. boosted its stake in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after acquiring an additional 28 shares during the last quarter. Wayfinding Financial LLC boosted its stake in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after acquiring an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC grew its holdings in Home Depot by 4.7% during the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after purchasing an additional 28 shares during the period. Finally, First Interstate Bank increased its stake in Home Depot by 0.3% in the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after purchasing an additional 28 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last quarter. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.0%

Home Depot stock opened at $394.88 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a fifty day simple moving average of $402.63 and a 200 day simple moving average of $376.51. The company has a market cap of $393.06 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's dividend payout ratio is currently 62.50%.

Analysts Set New Price Targets

A number of analysts recently commented on HD shares. Oppenheimer upped their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research report on Thursday, September 25th. DA Davidson restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company lifted their price objective on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Home Depot in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $436.40.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

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